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Join us on April 25, 2013, from 9:00 to 11:15 AM at the Institute of Directors, London, for a focused discussion on the Spanish banking landscape. The program will cover macroeconomic outlook and risks, the current state of the banking system including recapitalization strategies, and future capital needs. There will also be a segment on opportunities in bank deleveraging and asset sales. Registration begins at 8:30 AM with tea and coffee served. Limited places available; RSVP to jamor@afi.es or asantos@afi.es.
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C/ Españoleto, 19 28010 Madrid www.afi.es Tel.: +34 91 520 01 00 Fax:+34 91 520 01 21 Spain Outlook: FocusonBanking April 25th 2013 9:00-11:00 am Institute of Directors (IoD) 116 PallMall, SW1Y 5ED, London • Programme: • 08:30-09:00 am - Registration • 09:00-09:30 am - The Economy • Macrooutlook & risks going forward • 09:30-10:45 am - The Banking System • Banks recapitalization & bail-in • Sareb: will it work? • Balance sheet and profitability trends. • Is there need for more capital? • More provisioning requirements coming? • 10:45-11:15 am - Opportunities • Bank deleveraging & asset sales • Public sector • Other (structured credit, etc.) Since the Summer of 2012, the restructuring calendar MoU has shaped the evolution of the Spanish banking system. Banks recapitalization has been carried out through a combination of burden sharing exercises, asset transfers to SAREB and injection of public or private funds. The economic performance of Spain is still sub-par, and subject to downside risks. Due to this weak economic landscape, doubts remain about the potential future needs for more capital at Spanish banks. The return to profitability for most banks is still elusive, and subject to downside risks. In this context, the need for deleveraging at banks is clear, a fact that will accelerate asset sales over H213 and 2014. Tea and coffee will be served. Places are limited. If you would like to attend, please RSVP to Jose Manuel Amor (jamor@afi.es) or Ana María Santos (asantos@afi.es) or call the office on 0034 91 520.04.17.